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JD.com reports $1.4b profit as Chinese consumer spending rises
Chinese ecommerce company JD.com has reported a substantial increase in fourth-quarter profit, reaching approximately US$1.4 billion, compared to US$469.5 million in the same period last year.
The company attributes this growth to an increase in consumer spending within China, the world’s second-largest economy.
For the December quarter, revenue rose to US$47.9 billion, reflecting a 13.4% increase from 306 billion yuan a year earlier.
Following this performance, JD.com’s US-listed shares experienced a nearly 5% increase in pre-market trading. Its Hong Kong-listed shares closed 8.42% higher at US$23.03 on Mar.6.
Recent JD.com developments
| Timeline |
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12-Feb-2025 🍔 JD.com launches food delivery with commission-free offer
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06-Feb-2025 🔍 JD.com seeks to acquire Germany’s retailer Ceconomy
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18-Jan-2025 🎁 JD.com unveils gifting feature ahead of Lunar New Year
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14-Nov-2024 📈 JD.com Q3 revenue rises 5.1%
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21-May-2024 📉 JD.com eyes $1.5b in senior notes offering
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